The Financial Conduct has appointed Richard Lloyd, founding trustee of the Money and Mental Health Policy Institute, to its board.
Lloyd will take up the role of non-executive director at the start of April. This will be a three-year term.
As well as his role with the MMHP, Lloyd is also current chair of Resolver, the consumer complaint resolution organisation.
FCA chair Charles Randell says: “[Lloyd’s] proven expertise and experience of both consumer issues and financial services mean he is ideally placed to further reinforce the FCA Board’s consideration of consumer needs.”
Economic secretary to the Treasury John Glen adds: “Lloyd’swealth of experience as a consumer expert will be a valuable contribution to the crucial work of the FCA, ensuring our financial sector keeps customers at the heart of how firms do business.”
The FCA also confirmed it is extending the term of two existing non-executive directors. Baroness Sarah Hogg has been re-appointed for a second three-year term, while Amelia Fletcher’s second term has been extended by a further year.
Hogg has previously been a director a number of listed companies and public bodies, including 3i and the BBC. Meanwhile Fletcher is a professor of competition policy at Norwich Business School.
Fletcher will continue to serve as senior independent director of the Payment Systems Regular during this period.